Maypole Retail Park, Alcester Road South, Birmingham, B14 5JF

Property Details: • Type: Commercial Property • Tenure: FREEHOLD • Floor Area: N/A

Key Features:

Location: • Nearest Station: Whitlock's End Station • Distance to Station: 229.3262399905589 miles

Agent Information: • Address: 1st Floor 75-77 Colmore Row Birmingham B3 2AP

Full Description: For Sale by private treaty. <br /> <br />Offers based on £6,245,000, reflecting 7.75% net initial yield, with a reversionary yield of 8.66%. <br /> <br />Long-Income Mixed-Use Investment Anchored by Travelodge in a Prominent Location <br /> <br />The property comprises a purpose built retail and hotel development constructed in 2007. The retail element consists of six retail units over 16,175 sq. ft . (1,503.1 sq m) and there is a 22,344 sq. ft (2,076.57 sq m) 60 bedroom Travelodge hotel above. The accommodation extends to a total of 38,519 sq. ft (3,579.83 sq m). <br /> <br />The parade has frontage onto the main A435 with a large pedestrian area to the front of the units. There is rear loading to each unit and a 64 space car park, which incorporates EV charging points (Let to Swarco Smart Charging Ltd). <br /> <br />A building survey and updated FRAEW is available upon request. <br /> <br />Accommodation <br />See attached Sales Particulars <br /> <br />Location <br />Maypole is a south Birmingham residential suburb approximately 8 miles from Birmingham city centre and located between Kings Norton, Kings Heath, Shirley and Wythall. <br /> <br />Maypole's main arterial road is the A435 which runs south out of Birmingham city centre through Kings Heath and out to Junction 3 of the M42, some 5 miles south of Maypole. This is a main commuter route to and from the city. The main residential area of Maypole is to <br />the east of the A435. <br /> <br />The subject property is prominently located directly on the main Maypole traffic island at its junction with Maypole and Druids Lane. The Maypole retail offer is dominated by the subject property, a large 2003 built 77,500 sq. ft. Sainsbury's store and a modern 15,000 sq. ft. Aldi which opened in 2009. These developments contributed over £30 million of private sector investment in the immediate area to improve the local commercial centre. <br /> <br />There is also a local neighbourhood parade of shops with Co-op, Greggs, Boots and BetFred as occupiers, whilst directly opposite, there is a Starbucks Coffee drive-through. <br /> <br />Tenure <br />Freehold, subject to the existing tenancies. <br /> <br />Tenancy <br />See attached Sales Particulars <br /> <br />VAT <br />We are advised that the property is elected for VAT although it is anticipated that the sale will be treated by way of a TOGC. <br /> <br />EPC <br />Available Upon Request. <br /> <br />Legal Costs <br />Each party is to be responsible for their own legal costs that may be incurred in this transaction. <br /> <br />Anti Money Laundering <br />In accordance with anti-money laundering regulations, two forms of identity and confirmation of the source of funding will be required from the successful purchaser. <br /> <br />Disclaimer <br />A Director of Bond Wolfe has a vested interest in this property.